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Gazprom, Mitsui Study Joint Gas-Chemicals Plant in East Russia

May 14 (Bloomberg) -- OAO Gazprom and Mitsui & Co., partners at the Sakhalin-2 liquefied natural gas project off eastern Russia, may build a gas-chemicals facility to process fuels trapped in the remote region’s hydrocarbon reserves.

Gazprom announced a tender for a financial feasibility study, according to documents posted on the website of its OOO Gazprom Mezhregiongaz subsidiary. The study is due to be completed by June 2013.

The Russian company, based in Moscow, and Japan’s Mitsui have been discussing joint gas-chemicals projects in eastern Siberia that involve separating components such as helium from the natural gas produced in the area.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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